🇺🇸 #Political disputes in the #USA around #Binance

• #President #DonaldTrump actively promotes #cryptocurrency through the company #WorldLibertyFinancial (#WLF), which issued the stablecoin #USD1.

• This token is used for a $2 billion investment from #MGX (Emirates) in #Binance.

• #Democrats in the USA have expressed concerns over a potential conflict of interest and proposed banning federal officials from issuing digital assets.

• The #GENIUSAct bill aimed at regulating stablecoins faces resistance due to concerns about abuse of power.